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The phenomenal success and insularity of South Asians flooding the American financial sector
The Daily Beast ^ | April 21, 2010 | Gary Weiss

Posted on 04/20/2011 11:51:11 PM PDT by Bridge_toofar

The trial of hedge-fund billionaire Raj Rajaratnam has riveted the financial world and shined a light on the phenomenal success and insularity of the Indians, Pakistanis, Bengalis, and Sri Lankans flooding the American financial sector, writes Gary Weiss. Following every financial collapse, a cast of Wall Street bad guys invariably parades through the dock, from Depression-era thief Richard Whitney to junk-bond king Michael Milken to Ponzi schemer Bernie Madoff—media-saturated jaunts down the Via Dolorosa calculated to reassure the public that the financial markets are being policed, even though they’re not. This week, it’s the somber, bespectacled, self-made billionaire Raj Rajaratnam on display, as the biggest insider trading trial in decades heads to the jury.


TOPICS: Business/Economy; Education
KEYWORDS: banking; hedgefunds; southasians; wallstreet
The only color recognized in financial world is green!
1 posted on 04/20/2011 11:51:18 PM PDT by Bridge_toofar
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To: Bridge_toofar

Ping


2 posted on 04/21/2011 6:37:27 AM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
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